2015 Q1 Form 10-Q Financial Statement

#000005143415000016 Filed on May 07, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q1
Revenue $5.517B $5.724B
YoY Change -3.62% 0.14%
Cost Of Revenue $3.841B $4.033B
YoY Change -4.76% -22.78%
Gross Profit $1.673B $1.690B
YoY Change -1.01% -1.11%
Gross Profit Margin 30.32% 29.52%
Selling, General & Admin $406.0M $428.0M
YoY Change -5.14% -24.51%
% of Gross Profit 24.27% 25.33%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $323.0M $347.0M
YoY Change -6.92% -2.53%
% of Gross Profit 19.31% 20.53%
Operating Expenses $406.0M $428.0M
YoY Change -5.14% -24.51%
Operating Profit $623.0M $60.00M
YoY Change 938.33% -88.14%
Interest Expense $159.0M $164.0M
YoY Change -3.05% -7.34%
% of Operating Profit 25.52% 273.33%
Other Income/Expense, Net -$3.000M $3.000M
YoY Change -200.0% -40.0%
Pretax Income $406.0M -$139.0M
YoY Change -392.09% -161.23%
Income Tax $130.0M -$80.00M
% Of Pretax Income 32.02%
Net Earnings $313.0M -$95.00M
YoY Change -429.47% -129.87%
Net Earnings / Revenue 5.67% -1.66%
Basic Earnings Per Share $0.74 -$0.21
Diluted Earnings Per Share $0.74 -$0.21
COMMON SHARES
Basic Shares Outstanding 421.2M shares 435.6M shares
Diluted Shares Outstanding 423.7M shares 435.6M shares

Balance Sheet

Concept 2015 Q1 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.576B $1.341B
YoY Change 17.52% 43.58%
Cash & Equivalents $1.576B $1.341B
Short-Term Investments
Other Short-Term Assets $240.0M $347.0M
YoY Change -30.84% 28.52%
Inventory $2.437B $2.809B
Prepaid Expenses
Receivables $3.074B $3.933B
Other Receivables $0.00 $0.00
Total Short-Term Assets $7.660B $8.733B
YoY Change -12.29% -2.76%
LONG-TERM ASSETS
Property, Plant & Equipment $12.49B $13.19B
YoY Change -5.35% -6.7%
Goodwill $3.677B $3.996B
YoY Change -7.98% -11.73%
Intangibles
YoY Change
Long-Term Investments $2.422B $2.791B
YoY Change -13.22% -4.52%
Other Assets $1.285B $1.403B
YoY Change -8.41% -6.15%
Total Long-Term Assets $20.31B $21.96B
YoY Change -7.54% -7.4%
TOTAL ASSETS
Total Short-Term Assets $7.660B $8.733B
Total Long-Term Assets $20.31B $21.96B
Total Assets $27.97B $30.70B
YoY Change -8.89% -6.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.678B $2.954B
YoY Change -9.34% 1.79%
Accrued Expenses $369.0M $411.0M
YoY Change -10.22% -3.97%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $664.0M $561.0M
YoY Change 18.36% -22.83%
Total Short-Term Liabilities $4.776B $5.028B
YoY Change -5.01% -4.36%
LONG-TERM LIABILITIES
Long-Term Debt $8.461B $8.867B
YoY Change -4.58% -6.61%
Other Long-Term Liabilities $494.0M $574.0M
YoY Change -13.94% -47.29%
Total Long-Term Liabilities $8.955B $9.441B
YoY Change -5.15% -10.8%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.776B $5.028B
Total Long-Term Liabilities $8.955B $9.441B
Total Liabilities $13.73B $14.47B
YoY Change -5.1% -8.66%
SHAREHOLDERS EQUITY
Retained Earnings $4.548B $4.193B
YoY Change 8.47% 9.08%
Common Stock $6.639B $6.831B
YoY Change -2.81% 1.53%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.287B $673.0M
YoY Change 91.23% 2003.13%
Treasury Stock Shares 27.13M shares 14.57M shares
Shareholders Equity $4.858B $7.573B
YoY Change
Total Liabilities & Shareholders Equity $27.97B $30.70B
YoY Change -8.89% -6.13%

Cashflow Statement

Concept 2015 Q1 2014 Q1
OPERATING ACTIVITIES
Net Income $313.0M -$95.00M
YoY Change -429.47% -129.87%
Depreciation, Depletion And Amortization $323.0M $347.0M
YoY Change -6.92% -2.53%
Cash From Operating Activities $638.0M $471.0M
YoY Change 35.46% -11.3%
INVESTING ACTIVITIES
Capital Expenditures -$319.0M -$277.0M
YoY Change 15.16% 28.24%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $67.00M $93.00M
YoY Change -27.96% 38.81%
Cash From Investing Activities -$377.0M -$370.0M
YoY Change 1.89% -53.16%
FINANCING ACTIVITIES
Cash Dividend Paid $169.0M $153.0M
YoY Change 10.46% 15.91%
Common Stock Issuance & Retirement, Net $137.0M $370.0M
YoY Change -62.97% -364.29%
Debt Paid & Issued, Net $280.0M $163.0M
YoY Change 71.78% 106.33%
Cash From Financing Activities -$546.0M -$563.0M
YoY Change -3.02% 431.13%
NET CHANGE
Cash From Operating Activities $638.0M $471.0M
Cash From Investing Activities -$377.0M -$370.0M
Cash From Financing Activities -$546.0M -$563.0M
Net Change In Cash -$285.0M -$462.0M
YoY Change -38.31% 26.58%
FREE CASH FLOW
Cash From Operating Activities $638.0M $471.0M
Capital Expenditures -$319.0M -$277.0M
Free Cash Flow $957.0M $748.0M
YoY Change 27.94% 0.13%

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